Transfer of Collateral. Secured Party may transfer any or all of the Obligations, and upon any such transfer Secured Party may transfer its interest in any or all of the Collateral and shall be fully discharged thereafter from all liability therefor. Any transferee of the Collateral shall be vested with all rights, powers and remedies of Secured Party hereunder.
Appears in 7 contracts
Samples: Security Agreement (Kinder Morgan Energy Partners Lp), Security Agreement (Edge Petroleum Corp), Guaranty Agreement (Midcoast Energy Resources Inc)
Transfer of Collateral. Subject to the terms of the Credit Agreement, Secured Party may transfer any or all of the Obligations, and upon any such transfer Secured Party may transfer its interest in any or all of the Collateral and shall be fully discharged thereafter from all liability therefor. Any transferee of the Collateral shall be vested with all rights, powers powers, duties and remedies of Secured Party hereunder.
Appears in 7 contracts
Samples: Pledge and Security Agreement (Williams Randa Duncan), Pledge and Security Agreement (Williams Randa Duncan), Pledge and Security Agreement (Williams Randa Duncan)
Transfer of Collateral. To the extent permitted and in the manner required by the Credit Agreement, Secured Party may transfer any or all of the Obligations, and upon any such transfer Secured Party may transfer its interest in any or all of the Collateral and shall be fully discharged thereafter from all liability therefor. Any transferee of the Collateral shall be vested with all rights, powers and remedies of Secured Party hereunder.
Appears in 3 contracts
Samples: Security Agreement (Corrida Resources Inc), Pledge and Security Agreement (Corrida Resources Inc), Pledge and Security Agreement (Corrida Resources Inc)
Transfer of Collateral. Subject to the terms of the Credit ----------------------- Agreement, Secured Party may transfer any or all of the Obligations, and upon any such transfer Secured Party may transfer its interest in any or all of the Collateral and shall be fully discharged thereafter from all liability therefor. Any transferee of the Collateral shall be vested with all rights, powers powers, duties and remedies of Secured Party hereunder.
Appears in 3 contracts
Samples: Pledge and Security Agreement (St Mary Land & Exploration Co), Guaranty Agreement (St Mary Land & Exploration Co), Pledge and Security Agreement (St Mary Land & Exploration Co)
Transfer of Collateral. Upon the transfer of all or any part of the Indebtedness, Secured Party may transfer all or any or all part of the Obligations, and upon any such transfer Secured Party may transfer its interest in any or all of the Collateral collateral and shall be fully discharged thereafter from all liability therefor. Any and responsibility with respect to such collateral so transferred, and the transferee of the Collateral shall be vested with all rights, the rights and powers and remedies of Secured Party hereunderhereunder with respect to such collateral so transferred; but with respect to any collateral not so transferred Secured Party shall retain all rights and powers hereby given.
Appears in 2 contracts
Samples: Subordinated Security Agreement (Ats Medical Inc), Security Agreement (Vans Inc)
Transfer of Collateral. Subject to the terms of the Credit ---------------------- Agreement, Secured Party may transfer any or all of the Obligations, and upon any such transfer Secured Party may transfer its interest in any or all of the Collateral and shall be fully discharged thereafter from all liability therefor. Any transferee of the Collateral shall be vested with all rights, powers powers, duties and remedies of Secured Party hereunder.
Appears in 2 contracts
Samples: Pledge and Security Agreement (St Mary Land & Exploration Co), Pledge and Security Agreement (St Mary Land & Exploration Co)
Transfer of Collateral. Upon the occurrence and during the continuance of an Event of Default, Secured Party may transfer any or all of the Obligations, and upon any such transfer Secured Party may transfer its interest in any or all of the Collateral and shall be fully discharged thereafter from all liability therefor. Any transferee of the Collateral shall be vested with all rights, powers and remedies of Secured Party hereunder.
Appears in 1 contract
Samples: Asset Purchase Agreement (Sbe Inc)
Transfer of Collateral. Upon reasonable notice to Debtor, Secured Party may transfer any or all of the Obligations, and upon any such transfer Secured Party may transfer its interest in any or all of the Collateral and shall be fully discharged thereafter from all liability therefor, other than liabilities arising prior to the date of such transfer. Any transferee of the Collateral shall be vested with all rights, powers and remedies of Secured Party hereunder.
Appears in 1 contract
Samples: Security Agreement (Kinder Morgan Energy Partners Lp)
Transfer of Collateral. Upon the transfer of all or any part of the Indebtedness, Secured Party may transfer all or any or all part of the Obligations, and upon any such transfer Secured Party may transfer its interest in any or all of the Collateral collateral and shall be fully discharged thereafter from all liability therefor. Any and responsibility with respect to such collateral so transferred, and the transferee of the Collateral shall be vested with all rights, the rights and powers and remedies of Secured Party hereunder.hereunder with respect to such collateral so transferred; but with respect to any collateral not so transferred Secured Party shall retain all rights and powers hereby given. ------------------------------------------------------------------------------
Appears in 1 contract
Samples: Medical Science Systems Inc
Transfer of Collateral. Subject to the provisions of the Credit Agreement, Secured Party may transfer any or all of the Obligations, and upon any such transfer Secured Party may transfer its interest in any or all of the Collateral and shall be fully discharged thereafter from all liability therefor. Any transferee of the Collateral shall be vested with all rights, powers and remedies of Secured Party hereunder.
Appears in 1 contract
Transfer of Collateral. Secured Party may transfer assign any or all of the ObligationsIndebtedness evidenced by the Liabilities to the extent permitted by Section 9.2 of the Loan Agreement and the Multi-Party Agreement, and upon any such transfer assignment Secured Party may transfer its interest in assign any or all of the Collateral and shall be fully discharged thereafter from all liability therefor. Any Upon becoming a party to or assignee under the Multi-Party Agreement or otherwise receiving the written approval of the SBA, any transferee of the Collateral shall be vested with all rights, powers and remedies of Secured Party hereunder.
Appears in 1 contract
Transfer of Collateral. Secured Party may transfer any or all of the Obligations, and upon any such transfer Secured Party may transfer its interest in any or all of the Collateral and shall be fully discharged thereafter from all liability therefor. Any transferee of the Collateral shall be vested with all rights, powers powers, and remedies of Secured Party hereunder.
Appears in 1 contract
Samples: Pledge and Security Agreement (New Stat Healthcare Inc)
Transfer of Collateral. Subject to the terms of the Credit Agreement, Secured Party may transfer any or all of the Obligations, and upon any such transfer Secured Party may transfer its interest in any or all of the Collateral and shall be fully discharged thereafter from all liability therefor. Any transferee of the Collateral shall be vested with all rights, powers and remedies of Secured Party hereunder.
Appears in 1 contract
Transfer of Collateral. The Secured Party may transfer any or all of the Obligations, and upon any such transfer the Secured Party may transfer its interest in any or all of the Collateral and shall be fully discharged thereafter from all liability therefor. Any transferee of the Collateral shall be vested with all rights, powers and remedies of the Secured Party hereunder.
Appears in 1 contract
